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gavmur [86]
4 years ago
12

In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the cli

ent's name, an auditor most likely gathers evidence in support of relevant financial statement assertions about existence or occurrence and:_______.
1. Completeness.
2. Valuation and allocation.
2. Valuation and allocation.
3. Rights and obligations.
4. Classification and understandability.
Business
1 answer:
marissa [1.9K]4 years ago
8 0

Answer:

3. Rights and obligations.

Explanation:

This evidence is in support of relevant financial statement assertions about existence or occurrence and Rights and obligations. Even though a specific confirmation request does not test all assertions equally well. Especially since more than one agent may be holding securities for a single client which may or may not be specified within the request.

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Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 bird houses and 15 wind chi
romanna [79]

Answer:

So 10 wind crimes has an opportunity cost 15 bird houses

or 1.5 per unit.

Explanation:

The opportunity cost is the cost of the goods it could been produced instead of the current output.

For the 10 wind chimes it will be the decreases in the birdhours production.

When Horatio moves to 25 from 15 wind chimes his bird house production fall to 15 from 30 Therefore, it decreases by 15

So 10 wind crimes has an opportunity cost 15 bird houses

we can do this metric by unit:

15/10 = 1.5 each additional wind chimes cost 1.5 bird house.

4 0
3 years ago
The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29,
german

Answer:

p = $2.51

Explanation:

Given:

  • D = $0.50
  • Stock price: $29 (s)
  • Interest rates: 10%.
  • Strike price of $30 : $2 (c)

To find the the price of a European put option, we use here pit call parity  that is :

c - p = s - k e^{-rt}   -   D    

<=> p = c - s + k e^{-rt}   + D    

<=> p = 2 -29 + 30e^{-0.1*\frac{6}{12} } + 0.5

<=> p = $2.51

Hope it will find you well

8 0
4 years ago
Short-term, intermediate-term, and​ long-term goals are similar in that all represent important financial objectives to be accom
lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

6 0
4 years ago
1+2+3+4+5+6+7+8+9+10+11+12+13+14
ad-work [718]

Answer:

105

Explanation:

1+2+3+4+5+6+7+8+9+10+11+12+13+14 = 105

6 0
4 years ago
Read 2 more answers
The end-of-period spreadsheet a.is an integral part of the accounting cycle b.eliminates the need to rewrite the financial state
Nady [450]

Answer: D. is used to summarize account balances and adjustments for the financial statements

6 0
3 years ago
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